Corporate Law News National Consumer Disputes Redressal Commission Asks LIC to Pay Claim, Interest to Policy Holder’s Widow, Trashes Plea of Hiding Ailments August 29, 2019 by Legal India Admin | Leave a Comment Rejecting Life Insurance Corporation (LIC)’s claim that a policy-holder lied about his health condition at the time of purchasing insurance, the national consumer forum has directed the firm to pay Rs 1.5 lakh along with bonus & interest to his widow. The National Consumer Disputes Redressal Commission (NCDRC) asked Life Insurance Corporation (LIC) to pay […] Read more » LIC NCDRC
Consumer Law News LIC asked to pay for denying claim arbitrarily March 18, 2013 / March 18, 2013 by Legal India Admin | Leave a Comment A consumer forum has directed the Life Insurance Corporation to pay Rs one lakh to the husband of a policy holder for ‘arbitrarily’ rejecting his claim for the assured amount on his wife’s death. The New Delhi District Consumer Disputes Redressal Forum observed that LIC had ‘misdirected itself’ by not showing any evidence that the deceased […] Read more » C.K. Chaturvedi claim arbitrarily Consumer forum LIC Life Insurance Corporation New Delhi District Consumer Disputes Redressal Forum order of consumer forum
Top Law News Rejection of claim on”fanciful ground” costs LIC Rs 4L July 17, 2012 by Legal India Admin | Leave a Comment A consumer court has directed the LIC to pay Rs 4L as LIC has rejected a claim of a widow, a life insurance policy holder, on her husband’s death on a “fanciful ground”. The New Delhi District Consumer Disputes Redressal Forum ordered the Life Insurance Corporation of India (LIC) to pay the compensation while condemning […] Read more » consumer court insurance policy holder rights LIC LIC liability to pay insurance amount Life Insurance Corporation of India New Delhi District Consumer Disputes Redressal Forum rejection of claim on fanviful ground
Top Law News Consumer Court: Death due to doctor’s negligent act is an accident July 12, 2012 by Legal India Admin | Leave a Comment Doctor’s rash or negligent act resulting in death amounts to an accident apex consumer panel has held while making the victim entitled to the accidental death benefits from his or her insurer. The National Consumer Disputes Redressal Forum (NCDRC) gave the ruling while ordering the Life Insurance Corporation (LIC) of India to pay the accidental […] Read more » apex consumer panel death as an accident death as an accident in case of doctor's negligence death as an accident in case of medical negligence Doctor’s rash or negligent act LIC Life Insurance Corporation National Consumer Disputes Redressal Forum NCDRC negligence and rashness negligent negligent and rash act section 304-A (of Indian Penal Code)
